It's reported that the Chinese steel mills started price negotiation for hot rolled coils with the Vietnamese buyers for October and November deliveries. The Chinese steelmakers planned to raise the HRC prices slightly but the price rise might be unfavorable to buyers. It's said that the Vietnamese buyers expected to lower the prices even though the Chinese steelmakers raise the prices. Therefore, the Chinese steelmaker remained the HRC export prices to Vietnam unchanged.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66374&division=A2
